Opportunities for Subsea Digitisation

IoT has yet to consider 70% of the world’s surface!

The Internet of Things (IoT) wave is providing direct integration of the physical world into the digital world on a global scale. This is creating a disruptive step-change in the way mankind is organized, from work practices and leisure activities through to how industry is run.

70% Ocean Industries

The global ocean economy, measured in terms of the ocean-based industries’ contribution to economic output and employment, is significant. Preliminary calculations on the basis of the OECD’s Ocean Economy Database value the ocean economy’s contribution in 2010 very conservatively at USD 1.5 trillion, or approximately 2.5% of world gross value added (GVA).

The world’s oceans need IoT

While the IoT revolution is impressive, it has yet to consider 70% of the world’s surface – the ocean. New technologies are required to bring IT infrastructure to the oceans and that’s where the largest opportunities are for both industry and the environmental challenges we face.